Cryptocurrency good or bad for loan?

[rizqillah]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.

So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

[lombok]

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

Well, as we had established, investing with borrowed funds to bet in the crypto market is naturally, high risk. This market maintains high and unpredictable fluctuation, which means that the value can drastically change in short term. When investing with money borrowed from the bank, this also has an effect because, there are installments which have to be made every month no matter the performance of the investment.

Thus, it is wise for us to deploy the money that is earmarked for investment just waiting to be utilised but not fund that comes with other conditions. So, to manage crypto investments we have more freedom and fewer factors to worry about such as loans and how our choices directly impact market shifts.

[smartaction]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.

So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

Investing with debt is very risky which is why I would never make a decision that would put me in big trouble. Investing with debt has a lot of tension.  If I can then it can be good for me. But those who think of investing in crypto by taking a loan from the bank will do a big fool. Because after investing in crypto no one can know how long it will be profitable but the bank loan has to be paid on time. INVESTMENT  There is no guarantee that there will be a profit after making, instead of profit there may be loss. If there is a loss after investing in any way, then there will be a lot of trouble in repaying the bank loan.

[nakmantu99]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.

So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

Investing with debt is very risky which is why I would never make a decision that would put me in big trouble. Investing with debt has a lot of tension.  If I can then it can be good for me. But those who think of investing in crypto by taking a loan from the bank will do a big fool. Because after investing in crypto no one can know how long it will be profitable but the bank loan has to be paid on time. INVESTMENT  There is no guarantee that there will be a profit after making, instead of profit there may be loss. If there is a loss after investing in any way, then there will be a lot of trouble in repaying the bank loan.

It is not recommended to invest in crypto with borrowed money, because the crypto market is unpredictable. And during my time investing in crypto, I never had the courage to ask the bank for investment because I chose to use capital, even though it was a little from savings that were not needed in the near future.
I can't focus on trading if I use borrowed money.

[enwi]

It is not recommended to invest in crypto with borrowed money, because the crypto market is unpredictable. And during my time investing in crypto, I never had the courage to ask the bank for investment because I chose to use capital, even though it was a little from savings that were not needed in the near future.
I can't focus on trading if I use borrowed money.

Well, Investing with our personal cash that is not needed within the near future provide us with the required comfort when trading in the highly unstable crypto market. In that way, we trade without the encumbrance of borrowed money;thus are in a better position to manage our investments and a portfolio.

Carrying out investments on own account also has its advantages: each experience is valuable in and of itself without any added stress. This assists us to be more cautious on market changes because we will not act in a haphazard manner. It is also possible to gain pleasure from trading the process and take all existing benefits per existing chances not distressed and worried about used capital, it is controlled only by me.

[MUGNIA]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

Taking loan from bank depending on cryptocurrency is nothing but stupidity because it has no faith when it will happen it may be like this you can get some profit from here but it has no faith you will get it or not it depends on faith. How do you think about taking a loan from a bank and doing something in the crypto world? Cryptocurrencies should never be treated as a source of paid income, it should always be kept as an optional bonus that you can use as a bonus, but nothing permanent can be expected from it.

So I will always say from my personal opinion no one should ever take a loan from a bank depending on Cryptocurrencies then you will see that if the market situation worsens your stress will increase and your normal balance will start to lose that's why I will always say you should at least not do this with loans.

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,

[ajiz138]

I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,

I think we would say the same thing about this, because it is best to invest using our own money, and even if it is our own money, it should not be for other needs that will be used in the near future.

This will affect our psychology in investing, because when we borrow money, we must return it and it is impossible to use the money we have invested. So it is better to invest with a little money and slowly, as long as it is our own money.

[UNIVERSE]

I agree with you, if we are going to invest, it is better to use funds that are truly free for long-term investment, for example, children's education funds for college, if our child is still 7 years old, it will take about 10 years to save the investment funds, it is really bad if you take a loan from the bank to buy BTC and make it a long-term investment,

We don't use the money for main matters or urgent needs. Using the money allocated for children's education isn't safe way. I think it is better to use the strategy of DCA, we gradually collect BTC or top coins with small funds. It is no problem to buy BTC with $50 - $100 weekly, it is much better than we use the money allocated for children's needs. Moreover if we use loan money for investment, I think it is very wrong way.

[bitcoin-shark]

For now only a few can make a living dealing only with crypto, in my opinion it is wrong to take out a loan thinking that you will be able to repay it with the earnings made with crypto, invest only what you are not afraid of losing and without getting into debt

[Asiska02]

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

I have not seen or read in any platform that borrowing money to invest in crypto is good. Everyone is frowning against that because of the nature of the crypto market, which is very volatile in nature. The crypto market is unpredictable and it becomes more difficult for those investing in bitcoin to pay back their loan on time if they’ve taken long to invest in bitcoin, those are long term investment if you’re looking to make a very good profit from them in the future. I would not even advise to take a loan to start any business that the ROI is not certain over a period of time. It is very risky and should be avoided by all means.

Thus, it is wise for us to deploy the money that is earmarked for investment just waiting to be utilised but not fund that comes with other conditions. So, to manage crypto investments we have more freedom and fewer factors to worry about such as loans and how our choices directly impact market shifts.

Investing from borrowed money can also affect your investment in the long time. They might be a time you may not have any choice than to take from your investment, which will bring a major setback to your projected profit in the end. Anything that has to do with you taking back from your investment in crypto, it will not mean well for you in the end no matter the direction the market decides to take in the end. Avoid borrowing loans to invest in crypto, it’ll only make it very difficult to manage until the end.

[Yamzakid]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.

[rizqillah]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.

I agree with you that we should invest in crypto with free money and we should not take loans to invest in crypto because the risk is high. Loans are very risky and investing in crypto is also risky because the crypto market is difficult to predict, so we are faced with double risk.
I will not take that step and I choose to invest with small capital and gradually.

[milewilda]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.

I agree with you that we should invest in crypto with free money and we should not take loans to invest in crypto because the risk is high. Loans are very risky and investing in crypto is also risky because the crypto market is difficult to predict, so we are faced with double risk.
I will not take that step and I choose to invest with small capital and gradually.

As it should be or something which does really need up to consider on taking up such step on which only invest on the amount on which you can afford to lose. Never ever make yourself taking up some loan just to invest in crypto. We do know that we do need to pay up those loans in due dates and what if the crypto market didnt pump up that time? How you would really be able to repay the loan? With just simply making use of your own common sense then you would really be able to tell on what are the things that needs up to be done and to those things which arent supposed
to do or something which is really that risky. So it would be wise not to take up such step.

[Rubel007]

While investing in crypto, many people take loans from banks, but later they have to face difficulties in repaying the loans if there is a loss. How much crypto is needed to manage social life and can it be the only dependent income source of your life?

As you know, the cryptocurrency market is unpredictable, so the concept of taking a loan for any investment doesn't make sense to me because when you borrow money from someone and the price starts to decline, how do you control your emotions? Crypto investing is a risk on its own, and taking a loan from a bank to invest in crypto is another risk, therefore it is better to invest the little you have rather than borrowing, and even with your own funds, invest what you can afford to lose.
We can't stop those involved in this act from taking out loans. We can only give our best advice because the bigger profits you are anticipating to take the loan, the reverse should also be expected, so always take the loan you can afford to lose.

I agree with you that we should invest in crypto with free money and we should not take loans to invest in crypto because the risk is high. Loans are very risky and investing in crypto is also risky because the crypto market is difficult to predict, so we are faced with double risk.
I will not take that step and I choose to invest with small capital and gradually.

Crypto markets are sometimes long bearish and sometimes bullish due to which an investor cannot have a proper idea about the market. And if someone borrows and invests in this uncertain platform, he will have to take a lot of human stress. If for some reason the market goes into a long bearish period, it may be difficult to repay the loan over a long period of time. Moreover, there is no guarantee of long-term returns in all types of investments, which is why I think investing with debt means increasing the risk where the potential for profit is very low. Investing with own money frees from human stress which helps better investments.

[Mr. Magkaisa]

It's not a good idea to take a loan from a bank to invest in crypto because it's very risky, for me investing in crypto is using and free not from borrowed money because the crypto market is unpredictable and very volatile. While when borrowing from a bank we have to pay installments every month. so it's not right to invest from borrowed money.

Well, as we had established, investing with borrowed funds to bet in the crypto market is naturally, high risk. This market maintains high and unpredictable fluctuation, which means that the value can drastically change in short term. When investing with money borrowed from the bank, this also has an effect because, there are installments which have to be made every month no matter the performance of the investment.

Thus, it is wise for us to deploy the money that is earmarked for investment just waiting to be utilised but not fund that comes with other conditions. So, to manage crypto investments we have more freedom and fewer factors to worry about such as loans and how our choices directly impact market shifts.

         -      Almost the majority of those who gave their comments are not really in favor of the loan, although they are not saying that the loan is bad, theirs is that they are only keeping us away from the matter of not drowning in debt.

That's why it's better to use the money in the right investment. Don't those who have heard or seen that there is an investment opportunity should learn a lesson first and don't immediately believe what others say or just go along with the hype, don't do that instead avoid this style immediately.